Lehman estate sells Archstone for $6.5B

11/26/2012 | New York Times (tiered subscription model), The

Lehman Brothers Holdings' estate says it will sell mammoth apartment-complex company Archstone to Equity Residential and AvalonBay Communities in a cash-and-stock deal worth about $6.5 billion. The sale ends Lehman's plan to take Archstone public on the New York Stock Exchange.

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